ABC Labs Chapter 100 Completion Summary shows success of incentive

At the June REDI Board meeting, REDI Executive Vice President Bernie Andrews presented a completion summary of the ABC Laboratories, Inc. Chapter 100 project. ABC Labs was the first company to make use of Boone County’s Chapter 100 Revenue Bond program as an incentive to build a new facility in Boone County rather than move its operations away from our community.

In 2006, ABC Labs was in need of a new pharma lab to continue and increase its contract research, testing and scientific services. ABC Labs had competitive offers from other cities and states for locations to build, so Columbia needed an incentive offer to compete. ABC Labs became the first Chapter 100 project in Boone County when it announced it would become the anchor tenant for Discovery Ridge Research Park.

ABC labs received a 50 percent abatement on its $15 million building, which expired in December 2018. The job requirement for the project was to retain 224 jobs and create 50 new jobs, for a total of 274 jobs. In May 2018, the company had 370 employees.

During the time of the abatement (2009 – 2018), the payments in lieu of taxes (PILOT) collected on the abated building in Discovery Ridge totaled $1,555,306.60.

During the same period, taxes collected that were not abated, including real property taxes collected from ABC labs on its ABC Lane property and personal property taxes collected from both locations, totaled $2,119,364.27.

Together, a total of $3,674,670.87 was paid to Columbia Public Schools, City of Columbia, Columbia BC Library, Boone County, Boone County Family Resources, and the State of Missouri during the time of the incentive program. These funds and all future taxes collected would have been received by another community without the Boone County Chapter 100 Revenue Bond program as an incentive.

While meeting all required investment and job creation metrics, ABC Labs (now owned by Eurofins BioPharma Product Testing) also helped leverage federal, state and local infrastructure dollars as it helped bring Discovery Ridge Research Park into existence. The ABC Laboratories Chapter 100 public process served as the model for future Chapter 100 projects, including Kraft Heinz, Dana Light Axle, Aurora Organic Dairy, American Outdoor Brands, and Northwest Medical Isotopes, LLC.

Thank you to the Boone County Commissioners, County Counselor, Assessor, Collector, and all of the impacted taxing entities for their support and assistance on the successful completion of this first Boone County Chapter 100 project.

 

 

 

 

 

2019 MWBE Contractors and Business Expo August 10

Plan to attend the Third Annual Contractors Expo: Building Inclusive Partnerships, Saturday, August 10 from 11 a.m. to 4 p.m. at Parkade Center. Local general contractors and sub-contractors will have an opportunity to network with minority, women, disadvantaged, disabled veterans, and LGBTQ owned businesses. Sell your products and services or gain exposure for your business, or attend and learn about services offered by these companies. For more information, contact Jim Whitt at 573-441-5544 or James.Whitt@CoMo.gov.

 

Hinshaw East designated Missouri Certified Site

Picture of Route B corridor showing Hinshaw East Missouri Certified SitePicture of Hinshaw East Missouri Certified Site with outline

REDI is proud to announce that another Columbia industrial site has been designated as a Missouri Certified Site. It is the fourth certified site in Boone County and the 32nd certified site in the state.

The newly certified Hinshaw East site is located at 5000 Paris Road. The site offers 57 certified acres and 81 total acres.  The site is in Columbia’s industrial corridor with access to US Highway 63 and Interstate 70. All utilities are on site. Neighboring facilities include 3M, Schneider Electric/Square D, Pepsico and Honeywell.  An additional 25 acre site with rail access is available across Paris Road. The topography is gently rolling, and the site is zoned Light Industrial.

The Missouri Certified Sites program provides consistent standards regarding the availability and development potential of commercial or industrial development sites. The sites are pre-qualified through a standardization process to meet the requirements of industry. The certification of a site includes comprehensive review of items including the availability of utilities, site access, environmental concerns, land use conformance, and potential site development costs.

Certified sites provide up front and consistent information about each site to selection professionals, reducing the risk associated with development. Certified site status also helps landowners attract appropriate buyers to the site.

Collin Bunch certified as CEO roundtable facilitator

Picture of Collin BunchREDI Entrepreneurship Coordinator Collin Bunch has been certified as a PeerSpectives™ Roundtable System facilitator. PeerSpectives offers a roundtable experience that improves leadership skills, sharpens decision making abilities and builds lasting relationships with peers.

A PeerSpectives facilitator leads roundtables of eight to 12 participants from noncompeting industries, and provides a confidential environment to share challenges and learn from the experience of others. The PeerSpectives model stands out for its trained facilitators to keep discussions on track, structured protocol to highlight challenges and opportunities, emphasis on sharing experiences rather than giving advice, safe environment to share emotionally charged issues, and just-in-time answers to pressing problems for participants.

PeerSpectives is a program of the Edward Lowe Foundation.  The foundation’s entrepreneurship initiatives are focused on second-stage companies, growth-oriented firms that have moved beyond startup but haven’t yet reached maturity. The foundation defines second-stage companies as having 10 to 99 employees and $1 million to $50 million in annual revenue, although these are loose boundaries.  Second-stage companies are powerhouses when it comes to job creation and revenue generation.

If you are the leader of a second-stage company who would like a high level view or your organization, a significant return on your time invested, better results from your decisions, and unvarnished feedback that’s hard to get from employees or family and friends, contact Collin Bunch to participate in a PeerSpectives roundtable.

REDI is licensed by the Edward Lowe Foundation to use the PeerSpectives™ Roundtable System.

Aurora Organic Dairy cuts ribbon on Columbia facility

Officials hold a ceremonial scissors to cut a ribbon at Aurora Organic Dairy milk facility in Columbia, Mo.Today state and local officials gathered for a special ceremony in Columbia to officially open Aurora Organic Dairy’s 127,000 sq. ft. milk production and storage facility. The plant is the company’s second milk bottling facility and is expected to have created more than 100 new jobs in the local community by year’s end.

“Aurora Organic Dairy is a great company that will ultimately bring more than 160 quality jobs to Missouri,” Governor Mike Parson said. “Missouri’s central location and infrastructure network are two keys to attracting and retaining good businesses here in our state. We look forward to supporting their growth for years to come.”

Aurora Organic Dairy (AOD) is a leading producer and processor of retailer brand organic milk. The company is unique in that it operates dairy farms and milk bottling facilities, ensuring the highest quality and traceability of any organic milk product in the market. AOD grows a portion of its own certified organic feed and pasture, raises and milks organic cows at eight farms, and processes and packages milk at two locations (Columbia, Mo. and Platteville, Colo.).

The new Columbia plant will help AOD deliver more organic milk products with all the variety and convenience today’s consumers want. Its state-of-the-art aseptic milk bottling line makes AOD one of very few dairy plants in America to distribute shelf-stable organic milk products.

“Our company’s mission is to deliver high-quality organic milk with integrity to everyone, everywhere,” Aurora Organic Dairy Chief Executive Officer Scott McGinty said. “Products like these not only offer consumers more organic product choices, but they also help expand markets for organic milk producers. Innovation is rapidly changing the face of dairy beverages like never before, and organic milk is no exception.”

“This project symbolizes the advancements in agriculture and bringing high-quality organic milk to market,” Columbia Mayor Brian Treece said. “It also solidifies Columbia’s economic advantage for agri-business and food manufacturing companies.”

“We can’t think of a better partner than the state of Missouri and the community of Columbia,” McGinty added. “Our team is excited to become a long-term contributor to this great community.”

The facility will process and package an array of products:

  • Milk in a variety of single-serve and shelf-stable (aseptic) bottles.
  • Value-added dairy products, including fortified and flavored milks, and creamers.
  • Milk varieties including A2 production, organic grass-fed, Omega 3 fortified and lactose-reduced.
  • Extended shelf-life milk in half-gallon cartons.

About Aurora Organic Dairy

Aurora Organic Dairy is the leading producer of store-brand organic milk and butter for U.S. retailers. Based in Boulder, Colo., it operates a heifer farm and organic dairy farms in Colorado and Texas, as well as organic dairy processing plants in Platteville, Colo. and Columbia, Mo. Organic agriculture, animal care and sustainable production are the cornerstones of AOD’s business. Its processing facilities and each of its farms are certified organic by USDA National Organic Program accredited certifiers and certified by Validus, a leading independent animal welfare auditor.

AOD is involved in overseeing organic standards from cow to carton. It monitors the entire product lifecycle, to ensure quality from its farms to its processing facility. For more information, visit  opens in a new windowwww.auroraorganic.com.